Egyptian exports to Kenya fell last year, declining by 6.9% to record exports worth $355.7 million, down from 2021’s $382 million
Trade between Egypt and Kenya increased by 4.1% in 2022 to hit $663.6 million, up from $637.4 million in 2021, revealed the latest data from the Central Agency for Public Mobilization and Statistics (CAPMAS).
Egyptian exports to Kenya fell last year, declining by 6.9% to record exports worth $355.7 million, down from 2021’s $382 million.
Kenya’s imports of Egyptian products were led by Paper, with imports worth $43.4 million, followed by plastics and its byproducts with $36.7 million, and sugar and its byproducts came third, valued at $34.5 million.
Egyptian imports of Kenyan products climbed by 20.6% to $307.9 million in 2022, up from $255.4 million in 2021, explained CAPMAS. This was led by coffee and tea products worth $278.7 million, followed by paper with imports valued at $11.4 million and fruits with $10.5 million.
During FY2021/2022, Kenyan investments in Egypt saw a significant surge, recording a jump of 240.3% in value to record $3.8 million, compared to the previous FY's reported $1.1 million.
Egyptian and Kenyan Ministries of Water and Irrigation met yesterday to prepare an upcoming MoU to develop the water sector in both countries. An official cabinet statement added that the long-term collaboration includes the construction of 10 dams to collect rainwater and the excavation of 10 underwater wells.
Egypt’s engineering exports rose by 10% during the first 7 months of 2023, reaching $2.492 billion between January and July compared to the $2.271 billion recorded during the same period last year, revealed the latest report by the Engineering Export Council of Egypt (EEC).
